Sherman Acquisition right to claim?
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Posted by darkshine (68.189.150.191) on July 15, 2004 at 14:09:19:
Hi, a few days ago a Sheriff arrives in my yard with a "Notice of rights to have exemptions designated". I assume it to be from an old Sears account that had nothing but late payment fees due on it, actual owed credit had been paid off last July 2003. I called Sherman but of course they wouldn't tell me why they were requesting payment or who it was for. The Plantiff, Sherman Acquisition Limited Partnership, I read they are responsible for reaging many credit accounts and cashing in on accounts that are closed. The letter I recieved has no indicaiton as to what amount I owe. I am inquiring on the ligitimacy of the lawsuit against me. I know the account is still open but the amount on my credit report they have reported makes no sense. Here is what they 2 accounts look like. The account status on both accounts is CLOSED. Sears:
Account Type: Revolving Charge Account
Type of Business: Complete Department Stores
Terms: Revolving
Account Status: Closed
Monthly Payment: $0
Date Open: Jan, 1996
Balance: $0
Balance Date: Jul 8, 2003
High Balance: $2,708
Credit Limit/Orig. Amt.: $1,310
Past Due: $0
Remarks: Transferred to another lender or claim purchased
Payment Status: Account transferred to another office Sherman:
Account Type: Unknown - Credit Extension, Review, Or Collection
Type of Business: Bulk Purchase Finance
Terms: 1 Month
Account Status: Closed
Monthly Payment: $0
Date Open: Jul, 2003
Balance: $2,791
Balance Date: Jun 17, 2004
High Balance: Not reported
Credit Limit/Orig. Amt.: $2,708
Past Due: $2,791
Remarks: Not reported
Payment Status: Seriously past due date / assigned to attorney, collection agency, or credit grantor's internal collection department I wouldn't have a problem with making the payment if A. they had asked B. it hadn't been over a year since I have heard anything from sears C. they sold my account to another company who is obviously involved in corrupt cases w/ sears Could someone advise me on if this is a legitimate action they have taken against me. The document has no official stamps or seals on it, it just tells me to mail it back within 20 days, otherwise I will statutory rights. What actions should I take? Thanks
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